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Solar Transition Meeting Office of Clean Energy Update 1/12/12 Mike Winka, Scott Hunter

Solar Transition Meeting Office of Clean Energy Update 1/12/12 Mike Winka, Scott Hunter. Solar Installed Capacity Preliminary Data. The installed solar capacity as of 11/30/11 is 531.7 MW. ( Most recent published report )

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Solar Transition Meeting Office of Clean Energy Update 1/12/12 Mike Winka, Scott Hunter

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  1. Solar Transition Meeting Office of Clean Energy Update 1/12/12 Mike Winka, Scott Hunter

  2. Solar Installed Capacity Preliminary Data • The installed solar capacity as of 11/30/11 is 531.7 MW. (Most recent published report) • The preliminary installed solar capacity as of 12/31/11 is approximately 564 to 566 MW. • Approximately 35 to 36 mw installed in current month • The preliminary solar capacity project pipeline as of 12/31/11 is over 616 MW. • Over 99% of pipeline projects are registered in the SRP program.

  3. Solar Installed Capacity Report NJ Solar Installations by Year As of 11/30/11

  4. Solar Installed Capacity Report NJ Solar Installations by Year As of 11/30/11

  5. Solar Installed Capacity Report NJ Solar Installations by Program As of 11/30/11

  6. Solar Projects by Interconnection Type

  7. Solar Capacity NJCEP Solar Pipeline Plus Installed Projects as of 11/30/11

  8. Solar Project Scrub Rate • Deactivation Analysis by Expiration Date • 12/01/2009 to 11/30/2011 (24 Months)

  9. Solar Installed Capacity Forecast As Of 11/30/11

  10. Solar Installed Capacity Forecast As Of 11/30/11 • The 531.7 MW of solar capacity installed as of 11/30/11 and the additionally forecast installed solar capacity for the remainder of Energy Year 2012 is estimated to be capable of producing approximately 596,800 to 611,000 SRECs during Energy year 2012. • This equates to a range of 135.0% to 138.3% of the EY 2012 RPS requirement of 442,000 SRECs.

  11. Revised Staff Options 1. Increase the solar RPS • Establish an incremental increase in the solar RPS to address the oversupplied SREC market. This increase in the solar RPS would be a specific set aside for the EDC SREC programs and would implement the Board’s solar policies for both economic and environmental benefits. The increase in the solar RPS would be based on a detailed cost benefit analysis performed by CEEEP similar to the cost benefit analysis performed to increase the Class I RPS from 4% in 2012 to 20% in 2020 with a 2.15% solar set aside. Since the increase in the solar RPS would be allocated to the EDC SREC programs this would keep a downward pressure on the SREC prices.

  12. Revised Staff Options 2. Do not increase the solar RPS but only increase the EDC program capacity. • Establish The additional EDC SREC program capacity can be set aside to implement the Board’s solar policies for both economic and environmental benefits. In this manner the solar developers can continue to build solar based on the Board’s policies. This will also keep downward pressure on the SREC prices and make the EDC SREC program very price competitive. Both of these proposals also address the volatility in SREC market by establishing additional capacity in a price competitive manner.

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